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Argus Research Reaffirms Their Buy Rating on BlackRock (BLK)
Argus Research Reaffirms Their Buy Rating on BlackRock (BLK)

Business Insider

time18-06-2025

  • Business
  • Business Insider

Argus Research Reaffirms Their Buy Rating on BlackRock (BLK)

Argus Research analyst Stephen Biggar maintained a Buy rating on BlackRock (BLK – Research Report) yesterday and set a price target of $1,090.00. The company's shares closed yesterday at $969.18. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Biggar covers the Financial sector, focusing on stocks such as Truist Financial, Charles Schwab, and Apollo Global Management. According to TipRanks, Biggar has an average return of 13.7% and a 63.20% success rate on recommended stocks. BlackRock has an analyst consensus of Strong Buy, with a price target consensus of $1,056.25, implying an 8.98% upside from current levels. In a report released on June 16, Bank of America Securities also assigned a Buy rating to the stock with a $1,078.00 price target. BLK market cap is currently $152.2B and has a P/E ratio of 23.86. Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLK in relation to earlier this year. Last month, Laurence Fink, the Chairman & CEO of BLK sold 16,485.00 shares for a total of $15,119,577.04.

As China blocks terminals deal, BlackRock chief says ports ‘will define the future'
As China blocks terminals deal, BlackRock chief says ports ‘will define the future'

Yahoo

time01-04-2025

  • Business
  • Yahoo

As China blocks terminals deal, BlackRock chief says ports ‘will define the future'

The chairman of one of the largest global investment managers says ports are as critical to future infrastructure of the global economy as data centers and power grids. BlackRock Chairman Laurence Fink in an annual letter to investors said that's why the company spent 2024 transforming itself into a leader in private markets, the better to get a jump on what it estimates will be a $68 trillion infrastructure boom. 'Assets that will define the future—data centers, ports, power grids, the world's fastest- growing private companies—aren't available to most investors,' Fink wrote. 'They're in private markets, locked behind high walls, with gates that open only for the wealthiest or largest market participants.' New York-based BlackRock (NYSE: BLK) in February announced it was partnering with shipping giant MSC of Geneva to acquire most of the port terminals of CK Hutchison ( of Hong Kong in a $23 billion deal that could alter the balance of power in container China this week blocked the sale, which includes terminals at the Panamanian ports of Cristobal and Balboa, near the Panama Canal, saying it planned a formal review. The agreement in principle covers terminals at a network of 43 ports across 23 countries, Fink said. 'One in every 20 shipping containers moving around the world passes through these ports each year.' Fink said deficit spending is choking off infrastructure funding by governments, which will have no recourse but to tap private investment. Between 2024 and 2040, global infrastructure will require investment of $68 trillion, Fink said – $2 trillion just in ports.'Meanwhile, companies won't rely solely on banks for credit,' he wrote. 'Bank lending is constrained. Instead, businesses will go to the markets. The money is already there. In fact, more capital is sitting idle today than at any point in my career. In the U.S. alone, roughly $25 trillion is parked in banks and money market funds.' Find more articles by Stuart Chirls port fees need more nuanced strategy, shipping industry tells hearing February freight volumes mixed at Gulf Coast ports China blocks sale of Panama Canal shipping terminals to US investor: Reports Port of Savannah sets record container, rail and truck moves in FebruaryThe post As China blocks terminals deal, BlackRock chief says ports 'will define the future' appeared first on FreightWaves. Sign in to access your portfolio

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